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Careers in Finance. Professor Dan Greiner Coordinator, I-Core Professor Craig Holden Chair, Finance Dept. Undergraduate Committee Mandy Parris, Banking Analyst Bank One Finance Department Web Site: www.kelley.iu.edu/finance. Career Areas in Finance. Major Areas: Corporate Finance
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Careers in Finance Professor Dan Greiner Coordinator, I-Core Professor Craig Holden Chair, Finance Dept. Undergraduate Committee Mandy Parris, Banking Analyst Bank One Finance Department Web Site: www.kelley.iu.edu/finance
Career Areas in Finance • Major Areas: • Corporate Finance • Investments • Banking • International • Specialized Areas: • Financial Consulting • Investment Banking • Real Estate
Major Areas: (1.) Commercial Banking • Credit • analyst • loan officer • Branch Manager • Relationship Banking • Capital Markets
(2.) Corporate Finance • Line Position • plant management/planning • Staff Position • corporate management/planning • Treasury • risk management • capital acquisition • mergers and acquisitions
(3.) Investments • Sales • Trading • Research • investment analysis • product development
(4.) International • Working outside of the U.S. or in the U.S. arm of a multinational corporation • International Financial Analysis • International Investments • International Banking
Specialized Areas: Financial Consulting • Providing advising services • business valuation • litigation support • capital acquisition • restructuring • Employers • Major accounting firms • Management consulting firms
Investment Banking • two-year analyst position • very competitive (i.e., it takes a high GPA)
Real Estate • Real estate development • Corporate • Sales • Financial institutions
Finance students have approximately 12 interviews each in the BPO Although most find jobs through the BPO, a significant number find them through networking. 2002 graduates average starting salary = $42,442 Survey suggests it grows at 7%/year $53,000 after 3 years $61,000 after 5 years Some very high salaries Placement Information
Finance Major:Finance Track, Option 1 - NEW • Required Courses: • F303 Intermediate Investments • F305 Intermediate Corporate Finance • A310 Intermediate Financial Accounting - NEW • A324 Cost Accounting (1.5 credit hours) • One Course from: A327, A329, A420 A422 • Four Finance Electives (12.0 credit hours) • With at least 6.0 credit hours at the 400-level
Finance Major:Finance Track, Option 2 • Required Courses: • F303 Intermediate Investments • F305 Intermediate Corporate Finance • A311 Intermediate Financial Accounting I • A312 Intermediate Financial Accounting II • A324 Cost Accounting (1.5 credit hours) • One Course from: A327, A329, A420, A422 • Three Finance Electives (9.0 credit hours) • With at least 3.0 credit hours at the 400-level
Finance Electives • Corporate Finance • F307 - Working Capital Management • F402 - Corporate Financial Strategy • F408 – Real Options and Strategic Capital Investment - NEW • Investments • F335 - Security Trading and Market Making • F420 - Fixed Income and Equity Investing • F421 - Derivative Securities and Corporate Risk Management
Finance Electives • Commercial Banking • G345 - Money, Banking, and Capital Markets • F446 - Banking and Financial Intermediation • International • F494 - International Finance • Entrepreneurial Elective • F317 – Venture Capital and Entrepreneurial Finance • Real Estate Elective • R305 – Introduction to Real Estate Analysis • Accounting Elective (for Option 1 majors only) • One course from: A329, A422, A437, or (A327 and A420) – NEW
Investment Banking Workshop • Limited to 25 students admitted as Juniors • Scholastic achievement • Interest in industry and leadership potential • Speaker series • New York and Chicago trips • F428 - Industry background and financial modeling • F429 - Project/deal development
Real Estate Track • Same number of credit hours (24) as Finance Track • Take A310 Intermediate Financial Accounting • Take three specialized real estate courses • Introduction to Real Estate Analysis (R305) • Real Estate Appraisals (R440) • Real Estate Finance and Investment Analysis (R443)
Extracurricular activities • Finance Club • Investment Banking Group • www.indiana.edu/~finance/ • Stock Market Club • www.indiana.edu/~stock/
Panel Members • Kevin Bouvy – Abbott Laboratories • Brian DeaKyne – Clifton Gunderson LLP • Daniel Hintz – Merrill Lynch • Renne Holmquist – Protiviti • Ben Pinsky – P & G/Finance • Sean Triplett – GE